Electricity regulator accused of undermining market confidence

Electricity regulator accused of undermining market confidence
The EA's focus on the Tiwai smelter power deal missed the points says MEUG. (Image: Getty)
Ian Llewellyn
The Electricity Authority has been accused by major electricity users of undermining confidence in the electricity market and its role as regulator.Major Electricity Users Group (MEUG) chair John Harbord said the Electricity Authority’s (EA) recent review of the wholesale market had missed the point and not focussed on what was driving higher prices or how to fix the market.“Restoring confidence in the market is essential. Unfortunately, the EA’s recently released wholesale market review not only fails to restore confidence bu...

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